Cardtek and NXP Become Primary Technology Providers for empay
Cardtek, is as you know by now, a leader in global payment technology providers, and today announced that it is collaborating with NXP Semiconductors to deliver the first nationally sanctioned mobile wallet solution for the United Arab Emirates.
Emcredit, a fully owned subsidiary of the Dubai Economy, will launch empay, a secure mobile payment platform that offers all United Arab Emirates citizens the ability to pay for multiple goods and services using smart wearable tech or multifunctional devices.
Cardtek will provide the payment infrastructure, mobile industry knowledge, operational services and product enhancements to support the empay platform. NXP will manufacture and provide the NFC controller and SE necessary to allow UAE consumers to utilize the service on wearable devices.
“empay will stand as a significant benchmark in the marriage between payments and wearables, and offer a blueprint for how an entire nation can securely modernize its payment processes – from retail and transit, to ticketing and government services,” said Ayşe Sarıgöllü, Executive Chairwoman of Cardtek. “For the first time, consumers will have an integrated platform that offers quick access to number of retail and service options directly from a wearable device, without being tethered to a particular phone manufacturer, telephone company, or third-party provider.”
“Active” wearables include a battery and a Bluetooth Low Energy (BLE) connection, in addition to a NFC interface. This allows communication to the cloud via a mobile phone or “companion device” – enabling multiple applications to be dynamically and Over The Air (OTA) provisioned on the wearable device. This technology results in the richest possible user experience, where the consumer is able to virtualize all of their personal contactless cards on their wearable device.
“As co-founder of NFC technology and expert in security solutions, NXP is committed to providing secure, convenient and scalable solutions to enable tap-to-pay experiences for mobile devices and wearables alike,” said Jean-Claude Denniel, Marketing Manager for the Secure Transactions and Identification business at NXP. “empay is a fantastic example of multi-service implementation on a wearable device platform that is easy to implement and service for the provider and most intuitive to use for the consumer.”
“We are extremely excited about this partnership with NXP semiconductors and Cardtek for payments through wearables,” said Muna Al Qassab, the CEO of Emcredit Limited. “Through the empay initiative, we aim to offer UAE citizens a radically improved payment experience. This turn key solution will allow empayconsumers to enjoy the convenience of accessing their mobile wallet on the go – simplifying the entire payment journey with hands-free convenience.”